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Gulf business confidence drops, led by UAE, Bahrain
by This email address is being protected from spam bots, you need Javascript enabled to view it on Tuesday, 1 July 2008
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Results 1 to 6 of 6
Posted on Monday, 21 September 2009
Recession in Dubai
Posted by Babu Haji at 23:06 UAE time
I agree with SV but he has written only half the story. Having lived in Dubai for nine years until this April, I am among those who closely observed, experienced, benifitted and finally suffered with Dubai's expansion. The current crises was long overdue. The reasons range from too much expansion in too little time, overnight changes in the laws by the goverments and absence of any strong judicial legal system, specially the labour laws. Currently thousands of construction works are unpaid for several months, 20% of housing units are vacant (and the nos. are rising) and the expatriates who make 75% of the population are leaving the country in droves. What next?
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Posted on Friday, 26 June 2009
Confidence in Dubai and the UAE
Posted by SV at 14:30 UAE time
Lets get some perspective on this. I am in the UK and read the stories in the British press about the miracle of Dubai's growth thats going sour. The stories are as salacious as they were when lauding Dubai's growth. I spent many years travelling to the ME on business and Dubai in particular and saw the rapid expansion first hand, so its sad to see the recessions effects now. However, Dubai, the UAE and the ME are not alone in their suffering. Personally, I think Sheikh Mohammed is a remarkable ruler who's foresight has created an amazing business hub in a relatively oil poor state compared with others in the region and I would rather back him to find a way out of the decline sooner than virtually any of the western leaders. In fact, despite the stories of doom and gloom, I would readily move TO Dubai if the right opportunity arose as I believe Dubai will re-emerge stronger and quicker than many other economies. As for the British press, its not atypical to indulge in some "schadenfreud", just as they are keen to marvel at success a little too much. A kinder interpretation would be that Dubai acts as a barometer - its growth was spectacular and so its downturn all the more relevant as a reflection on the current GLOBAL recession. Ultimately you have to think: if someone has a record of creating such a significant world business hub out of the desert, would you want him on your side in the current crisis, or are you happier to have Brown, Darling or Cameron & Co, Sarkozy etc etc.!?
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Posted on Wednesday, 28 January 2009
confidence in business down
Posted by Boston at 21:27 UAE time
I totally agree with ND,state owned companies and govt bodies should lead by example and not delay payments. This sends a wrong message and brings down the morale of business owners.
Govt. authorities should intervene and not just present rosy pictures.
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Business confidence drops.
Posted by N.D at 13:39 UAE time
When state owned developers stop paying contractors on time and payments are overdue by 60 days, what do you expect ?
Authorities (state owned ) should ensure payments are made on time to restore confidence in SME.
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Business confidence drops.
Posted by N.D at 13:36 UAE time
When state owned developers stop paying contractors on time and payments are overdue by 60 days, what do you expect ?
Authorities (state owned ) should ensure payment are made on time to restore confidence in SME.
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Posted on Saturday, 5 July 2008
Anybody reading this?
Posted by johndo at 14:35 UAE time
OK now that the results of this interesting survey are out, whats gonna happen? Any official is gonna come up with a solution? or at least suggest something? Lets see. I hope yes.
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